-9 Algorithmic Seved Help Save & Exit Submit Check my work The records of Alaska Company provide the following information for the year ended December 31. At Cast At Retail Beginning inventory, January 1 $ 472, 256 $ 928,850 Cost of goods purchased 3,924,813 6,280,250 Sales 5,584,700 Sales returns 45,500 Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,684,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the retail Inventory method to estimate the company's year-end Inventory at cost. (Round your ratio calculations to 2 decimal places. (l.e. 10.15%)) Cost-to-Retall At Cost At Retail Ratio Beginning inventory $ 472,250 $ 928,050 Cost of goods purchased 3,924,813 6,280,250 4,397,063 $ 7,208,300 Net sales at retail $ Prev Next Algorithmic Saved Help Save & Exit Submit Check my work The records of Alaska Company provide the following information for the year ended December 31 $ Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Cost 472,250 3,924,813 At Retail $ 928,850 6,280,250 5,584,700 45,500 Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,684,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,684,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail (Round your ratio calculations to 2 decimal places. (.e. 10.15%)) ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated Inventory Physical inventory Inventory shortage At Retail Prev 1 of 1 !!! Next